Tuesday, March 12, 2013

ULI Real Estate Business Barometer - March 2013 via The Urban Land Institute

Industrial and retail property sectors gathered steam as absorption vaulted; retail rents reversed their 4.5-year slide. Commercial property transactions settled down following an impressive end-of-year spike, but buyer appetite otherwise showed strength: prices are at, and CMBS issuance is near, post-recession highs. Apartment rents reached an all-time high. Distress sales continue to drag down existing home prices, but foreclosures are now at 6-year lows.

The top ten trends in this month’s Barometer:

Employment growth in February was almost double that witnessed in January; the unemployment rate inched down to its lowest level since the end of 2008. Consumer confidence jumped sharply; the manufacturing sector expanded for the third-straight month. S&P 500 returns were above the historical monthly average.

Read more...ULI Real Estate Business Barometer -- March 2013

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